Thungela's H1 earnings soar in first results since Anglo demerger

摘要

Thungela Resources, which demerged from Anglo American in June, reported a six-fold increase in earnings in the first half of this year thanks to decadehigh export coal prices and lower production costs. In its first set of results as an independent company, Thungela reported adjusted earnings before interest, tax, depreciation and amortization (EBITDA) at ZAR1.89bn ($290m) in the January-June period, compared to ZAR247m ($17m) a year ago.